Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.94815725 |
details, prediction |
Crypto.com Chain
CRO
|
0.94734806 |
details, prediction |
Bitcoin Cash
BCH
|
0.9445888 |
details, prediction |
Litecoin
LTC
|
0.93441087 |
details, prediction |
XRP
XRP
|
0.9048833 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9505071 |
details, prediction |
Waves
WAVES
|
0.9496056 |
details, prediction |
Tezos
XTZ
|
0.94371736 |
details, prediction |
Vechain
VET
|
0.92072886 |
details, prediction |
aelf
ELF
|
0.91881275 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9493547 |
details, prediction |
Loopring
LRC
|
0.94039583 |
details, prediction |
Steem
STEEM
|
0.93551445 |
details, prediction |
Internet of Services
IOST
|
0.92655915 |
details, prediction |
Propy
PRO
|
0.92623717 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.6197344 |
details, prediction |
Stellar
XLM
|
-0.619032 |
details, prediction |
TRON
TRX
|
-0.5163859 |
details, prediction |
Binance Coin
BNB
|
0.18737091 |
details, prediction |
Monero
XMR
|
0.26284486 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.525839 |
details, prediction |
USD//Coin
USDC
|
-0.48722094 |
details, prediction |
True USD
TUSD
|
-0.40510097 |
details, prediction |
Dai
DAI
|
-0.40475655 |
details, prediction |
Telcoin
TEL
|
-0.2643873 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.4594504 |
details, prediction |
OPEN Platform
OPEN
|
-0.3185316 |
details, prediction |
HEROcoin
PLAY
|
-0.23830399 |
details, prediction |
Enjin Coin
ENJ
|
-0.061940633 |
details, prediction |
Ontology
ONT
|
0.32837275 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)